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Independent gas station, absentee owner, with available Convenience Store in a wonderful, active area of Northern New Jersey, Essex County. The station has no fuel contract which allows the new operator to obtain a long relationship with a secured income from a national fuel supplier. This fuel station is clean, modern and has been fully upgraded with newer underground tanks and lines within the past few years. The business produces a gross income of $225,000 based on fuel sales, projected C-Store, money grams and outside sales. Additionally, the business can offer pre-owned auto sales which can further increase the bottom-line income. The sale opportunity has been priced at fair market value and is an excellent opportunity. The station has two MPD’s, and two eight thousand gallons fiberglass double wall fuel tanks. This company routinely has two hourly employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $3,500. The business is operational six days weekly, closed Sunday, with hours from 8:00 am to 8:00 pm. This business opportunity has been valued / priced at $250,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Based on the asking price, required down payment and net income this business should supply a solid dependable return on investment to the owner operator prior to debt service. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
The facility consists of a 1,000 square foot office made up of a modern convenience store, and a private entrance. The building and facility have been fully upgraded over the past two years with a clean modern appearance. This business is located on an active county road in Essex County, New Jersey. The station is conveniently located off the garden state parkway and close to all major highways.
Presently the business C Store is not functioning and with additional services such as Lotto approval with an ATM service can further develop the business yearly gross sales.
It is our understanding, due to the environmental requirements no other fuel stations are permitted in the area. Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
The purpose of the sale is due to owner’s relocation out of the area.
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller will supply additional training at a fair cost to the purchaser.
Seller financing is available to qualified buyers.
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